Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Merkel reportedly breaks her foreign aid promise

Share this article

Merkel reportedly breaks her foreign aid promise
Development Minister Heidemarie Wieczorek-Zeul Photo: dpa
12:35 CEST+02:00
German Chancellor Angela Merkel won't keep her word about increased aid spending for poorer countries, according to Munich daily Süddeutsche Zeitung on Friday.

The paper reported that budget pressures are putting the squeeze on spending plans, citing draft legislation for the 2009 federal budget and mid-term economic planning, which the cabinet will release next week.

While the budget for Germany's Development Ministry - as well as spending for research - will be increased, they will not see the levels of funding that were promised.

Merkel had vowed to spend 0.51 percent of Germany's gross domestic product on international aid by 2010. Right now, that number stands at 0.37 percent and will stay at that level next year.

Berlin had also promised to spend 3 percent of its GDP on research and development by 2010. Right now, the government allocates 2.5 percent of its budget to research and would need to invest an additional €10 billion to reach the 3 percent goal.

Another reason for the failure to reach the spending goals is due to strong economic growth in Germany - which means it takes more to match a percentage of GDP - and debt relief programmes for developing countries that are expiring.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement